DEMOCRATIC REPUBLIC OF CONGO (DRC) – HOW PRESIDENT KABILA’S BROTHER STASHED MILLIONS IN OVERSEAS PROPERTIES

A report from The Sentry says that although President Joseph Kabila’s final term as head of the DRC was set to end in December 2016, he clung to power and delayed elections for another 2 years.  Meanwhile, his brother Francis Selemani purchased numerous luxury homes in the US and South Africa, it appears at least in part using funds diverted from the government.  Selemani was MD of BGFIBank DRC, the Congolese subsidiary of Gabon-based BGFIBank Group.  It is claimed that Selemani and the Kabila family used a network of companies and the bank they controlled to misappropriate public funds, transferring millions abroad and purchasing millions of dollars in foreign real estate.

https://cdn.thesentry.org/wp-content/uploads/2021/11/EmbezzledEmpire-TheSentry-Nov2021.pdf

Any modest contributions for my time and ongoing expenses are welcomed!  I have a page where you can do so, and where one-off contributions start as low as $3, at https://www.buymea3coffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: